Thursday, July 2

Business

NIA to set up recapitalisation help desk

The Nigerian Insurers Association has said that it would be setting up a recapitalisation help desk for its members as the deadline for the process enters the last seven-month stretch. This was disclosed in the New Year message from the…

PwC Leaned Into Crypto After US Regulatory Shift

PricewaterhouseCoopers (PwC) reportedly decided to embrace crypto after years of caution after seeing a friendlier regulatory environment for crypto in the US under Trump, according to CEO and senior partner Paul Griggs.New leadership within US regulators, such as the US…

Sovereign Trust Insurance appoints new MD/CEO

Sovereign Trust Insurance has named Dr Lucas Durojaiye as its new Managing Director and Chief Executive Officer, succeeding Mr. Olaotan Soyinka, who retired from the position in December 2025. This was disclosed in a corporate filing on the Nigerian Exchange…

Vitalik Buterin Claims ZK-EVMs And PeerDAS Have Solved Blockchain Trilemma

Ethereum co-founder Vitalik Buterin claims Ethereum has “solved” one of the biggest challenges in crypto: the blockchain trilemma.In a X post on Saturday, Buterin emphasized the potential of peer data availability sampling (PeerDAS) and Zero-Knowledge Ethereum Virtual Machines (ZK-EVMs), noting…

FirstBank to host economic outlook event for 2026

FirstBank is set to host its annual economic outlook event for 2026. In a statement, the bank announced that the Nigeria Economic Outlook 2026 will take place on Tuesday under the theme “The Great Calibration: Mastering Resilience in an Era…

Ethereum Stablecoin Transfers Hit Record T In Fourth Quarter

Stablecoin transfer volume on Ethereum surpassed $8 trillion in the fourth quarter of 2025, marking a new all-time high, reported Token Terminal on Monday.The $8 trillion milestone is almost double the transfer volume figure for the second quarter, which was…

US drives global insured disaster losses to 7bn

Swiss Re Institute has said that global insured losses from natural catastrophes hit about $107bn in 2025, mainly on the back of wildfires in Los Angeles and severe convective storms in the US. This was disclosed in a statement, which…

Memecoins Jump 23% Post-Holiday as Traders Return

Crypto traders flooded back to memecoins as the new year turned, driving memecoin market capitalization up by over 23% in the last week after trading at a yearly low in the final days of 2025.The memcoin market cap crossed $47.7…

Rising demand pushed PMI to 53.5 in December

Nigeria’s private sector ended 2025 on a solid footing, as stronger customer demand supported continued growth in business activity and pushed the Stanbic IBTC Bank Nigeria Purchasing Managers’ Index to 53.5 in December 2025. This was disclosed in the latest…

Venezuelan Bitcoiner in the Running to Replace Nicolás Maduro

Following the capture of Venezuelan President Nicolás Maduro on Saturday, attention has turned to the country’s transition to new leadership — and one Bitcoiner is in the running to lead that charge.María Corina Machado, Venezuelan opposition leader and winner of…

How N712bn upgrades, others shaped aviation in 2025

The aviation industry recorded mixed outcomes in 2025, marked by highs and lows. Although there were notable gains during the year, stakeholder grievances were also widespread. In this report, OLASUNKANMI AKINLOTAN highlights the key events that shaped the industry over…

Hundreds of EVM Wallets Drained of Small Amounts: ZachXBT

An attacker has drained “hundreds” of crypto wallets on Ethereum Virtual Machine (EVM) chains, siphoning small sums from each victim in what onchain investigator ZachXBT described as a broad but low-value exploit. The exact attack vector has not been confirmed,…

Cash circulation stabilises amid regulatory reforms

Nigeria’s cash supply has shown signs of stability following recent regulatory reforms by the Central Bank of Nigeria, easing seasonal pressures while reshaping how banks manage currency distribution nationwide, JUSTICE OKAMGBA writes The Central Bank of Nigeria has intensified efforts…

Key Bitcoin Price Levels To Watch Out For In 2026

Key points:Bitcoin is bearish in the short term and could plunge to $50,000 if the $74,508 level is breached.The short-term trend is likely to turn bullish above $100,000, opening the doors for a rally to $126,199.Bitcoin (BTC) began 2025 near…

Transparent tax reform key to easing business pressure — LCCI

The Lagos Chamber of Commerce and Industry says effective and transparent implementation of the Tax Reform Act is critical to simplifying compliance, reducing the burden on productive enterprises and broadening the tax base without stifling economic growth. The body called…

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